Kissimmee VA Loans

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A Kissimmee VA loan is a home mortgage loan offered by private lenders that are backed by the Department of Veteran Affairs (VA) so that the process of applying for a mortgage loan can become simpler for vets. The funds are lent by the mortgage companies themselves but the guarantees from the VA help them in locating reliable borrowers among the veterans.

Who is Qualified for a Kissimmee Florida VA Mortgage?

There are four kinds of people who can apply for Kissimmee VA loans. These are:

• Veterans who served with the United States armed forces.
• Military men and woman who are on active duty.
• Member or reservists of the National Guard.
• Spouses of certain deceased veterans.

Eligibility Requirements for Kissimmee VA Loans

Not every veteran is eligible for a VA mortgage. In order to be eligible, veterans require:

• Sufficient and consistent credit background.
• A solid means of income.
• A valid Certificate of Eligibility (COE).

The guarantee by the VA mortgage in Kissimmee is offered only when the home is for individual use of the client. However, the money can be used to buy the house, build it or to make improvements in it, as per the requirements of the client.

Gathering a Certification of Eligibility for Kissimmee VA Home Loans

For the gathering of a COE, in-service members of the armed forces and veterans need to have completed specific time amounts of service. On the contrary, the eligibility criteria for the significant others of veterans to get a loan is somewhat different. It consists of:

• Spouses of deceased veterans who have not remarried.
• Spouses of veterans who have gone missing in action or are prisoners of war.
• Spouses who remarried after reaching the age of 57.
• Spouses of those veterans who are still alive but were disabled during service.

If you think you are eligible for a Kissimmee Florida VA loancontact First Nationwide Lending at (877) 442-4023 for more information today!

 

Contact Us

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1990 Main Street, Suite 750
Sarasota, FL 34236
Phone: (941) 256-3729
Toll Free: (877) 442-4023

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